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CNBC
Jul 30, 2013 7:00pm EDT
:00 and "the profit" at >>> president obama finally announces his plan for corporate tax reform. but is it a real corporate tax cut? a lot of firms are going to pay more. the whole plan is revenue positive and designed to finance the president at spending projects. there's so much more we don't know about it. >>> also today, we learned homeownership in the u.s. is at a 17 1/2-year low. but you know what, is this really bad? homeownership is not for everyone. and the government should stop subsidizing it. >>> and bravo's million-dollar listing star ryan surhan is going to join us tonight to talk about homeownership. >>> and by the way, folks, stop scapegoating the rich. a new study shows that when the rich get richer, so does everybody else in society. the economic pie grows larger and we have an expert who can prove it. >>> president obama offered republicans a new economic grand bargain of sorts today, promised to back corporate tax reforms in exchange for new spending on jobs and infrastructure programs. gop leaders say it's a nonstarter. eam eamon joins us now. >> good evenin
MSNBC
Jul 30, 2013 5:00pm PDT
with republicans on reforming our corporate tax code as long as we use the money from transitioning to a simpler tax system for a significant investment in creating middle class jobs. that's the deal. and, wroyou know, i'm just goino keep on throwing ideas out there to see if something takes. >> that last ad lib line from the president, of course, reflective of the ongoing tension with the republican party opposed to almost everything that has the president's name attached to it. >> sometimes there were ideas that historically had republican support and for some reason suddenly republicans didn't want to support them anymore. there are a growing number of republican senators who are trying to work with democrats to get some stuff done. that's good news. the bad news is that rather than keep our focus on what should be our priority, which is growing our economy and creating good middle class jobs, we've seen a certain faction of republicans in congress hurt a fragile recovery by saying they wouldn't pay the very bill that congress racked up in the first place, threatening to shut down the people'
FOX Business
Jul 28, 2013 1:00am EDT
one cent. that's coming up at 11:30 a.m. eaern. but up next, want to overhaul our massive tax code? toc chemicals and carcinogens are leaching into the environment. it's happening right where we . everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts.org bears." >>> no tax reform until the tax hikes, and not just any hike. senate majority leader harry reid saying he wants $1 trillion inew taxes before even considering overhauling the tax code. but, john, you say he has this backrds? >> yes, has this ckwards. look thshgs is what's wrong with politics. take reid, pelosi and boehner on extended vacation, then when they come ba, tell them not to. that would helthe country. reid says he doesn't see it, hasn't read it but is against it. we have a tatax code that's ridiculous, gives favors to big business and people with power. it's happened for decades. that's why we have 72,000 pages of an irs man you'll. that's why we'll pay the highest tax rate because i can't buy off the crooks in d.c. because i don't have money, influence. that's why g
CSPAN
Jul 25, 2013 5:00pm EDT
- and post election for one thing: tax increases. mr. president, tax increases are not the solution to a spending problem. tax hikes do not create jobs. tax hikes will not generate growth. tax hikes kill jobs and allow president obama to spend more and for congress and the president to borrow more. mr. president, i believe what we need in this country is structural tax reform, not tax increases. according to the most recent data from the internal revenue service, the top 1% of taxpayers -- those making $369,000 or more -- pay 37.38% of all income taxes. i want to say it again. according to the i.r.s., 1% of the taxpayers pay 37% of all income taxes. the top 5% of taxpayers -- those making $161,000 or more -- pay 59% of all income taxes. think about it. the top 10% of all taxpayers -- those making $116,000 or more -- pay 70% of all income taxes. the top 25% of taxpayers -- those making $69,000 or more -- pay 87% of all income taxes. and the top 50% of taxpayers -- those making $34,000 or more -- pay 97% of all income taxes. meanwhile, the other 50% -- those making $34,000 or less --
FOX Business
Jul 26, 2013 9:20am EDT
♪ imus in the morning ♪ >> kiss tax reform goodbye and let's give a big warm welcome to a trillion dollar tax hike. good friday morning, everyone. forget house senate bipartisan good feeling. forget lower rates and fewer deductions. he won't consider tax reform, oh, no, it's a trillion dollar tax increase he wants. and they want to get out of the way. have a nice friday, folks. and amazon stays the course and takes more money and plows it back into the business and let's see if investigators stay the course on the stock. for four days straight from the president on down, democrats call the scandal phony and fake. let's see what you think. you're going to hear from one fired up tea party lady. "varney & company" about to begin. >> tax reform, dead in the water. thanks to harry reid. reed calling for trillions in revenue. it's a must for tax reform. quoting now, it can't be even close to revenue neutral. there has be to be significant new revenues. when a democrat says revenues he or she means taxes and what does grover norquist have to say about this. to the next scandal. the presi
CSPAN
Jul 31, 2013 8:00pm EDT
. it is -- is it any wonder that this law fins to be publicly unpopular? with the majority of mandates, fees, and taxes taking effect in 2014, we are already beginning to see the alarming effects of the law on our employees, employers, and our commitment of it is a broken promise, one after another. promise number one -- in attempting to convince the american people that the a.c.a. was guide, the president promised it would -- quote -- "save families $2,500 in coming years." but since 20508, the average american family has seen health insurance rise more than $3,000. nonpartisan actuaries estimate that national health spindz $spending will grow at a rate of 6% annually between 2011 and 2021. as national spending ticks up, american families will continue to see their monthly premiums go up. states are beginning to release details on the rates consumers will pay for a.c.a.-related health insurance starting on january 1. an unfortunate pattern is emergessing. a.c.a.-mandated insurance is going to increase costs for many men's. recently the state of indiana announced that insurance rates will increase 72%
FOX Business
Jul 30, 2013 4:00pm EDT
proposing an overhaul of the corporate tax system in order to generate revenue for job-creating programs. so that's his formula. will this finally break the impa pass that we've seen on capitol hill and lower those corporate rate this is and does that lowering go far enough? glenn hubbard is the former chairman of the council of economic advisers. glenn knows. he joins us in a moment. liz: plus, some recent economic data suggests that europe may be turning a corner, and it's not just european stocks that will benefit, in fact, it might be stocks here that move first to the upside. up next, we break down how to play europe's recovery with u.s. stocks. and we would love to hear from you. a new job posting on twitter's page, and that posting is for a financial reporting manager. well, that has rumors swirling that an ipo might be around the corner. would you buy shares of twitter? log on to facebook.com/afterthebell. we'll read your answers later this hour. ♪ ♪ [ male announcer] surprise -- you're having tripts. [ babies crying ] surprise -- your house was built on an ancient burial gund. [
CNBC
Jul 31, 2013 7:00pm EDT
for you up next. later in the show, one day after the president's big speech on corporate tax reform we still have precious few details. is anybody in the business community excited about it? we have more on what looks more and more like the same old obama tax and spend. please stay with us. we'll be right back. the great outdoors... ...and a great deal. thanks to dad. nope eeeeh... oh, guys let's leave the deals to hotels.com. ooh that one! nice. got it! oh my gosh this is so cool... awesome! perfect! yep, and no angry bears. the perfect place is on sale now. up to 40% off. only at hotels.com >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour it's a huge win for natural gas. ford announces it will start offering nat gas powered ford 150, that's f-150 trucks this fall. that is the number one-selling vehicle in america, folks. so this is a big story. and what do business leaders really think of president obama's big corporate tax reform plan? here's a hint. not much. their overseas earnings are going to be taxed way too high, and net tax revenues could go up a t
Current
Jul 30, 2013 4:00pm PDT
to simplify our tax code, close those loopholes, end in septemberives to ship job overseas, lower the taxes for businesses creating jobs right here in america, provide tax incentives for manufactures that bring jobs home to the united states. let's simplify taxes for small business owners, give them in septemberives to invest so they can spend less time filling out complicated forms, more time expanding and hiring. i'm willing to do all that that should help businesses and help them grow, but if we're going to give businesses a better deal, then we're also going to have to give workers a better deal, too. cenk: all right, i'm curious what you all think of this, and i've got my panel here, ana kasparian and jayar jackson, was, catch them every night at "the young turks." david sirota, the uprising, we call him here, the title of one of his books. of course histrionic and full of demagoguery, let's discuss whether it is a good plan. it lowers corporate tax rates to 28% for some in manufacturing, all the way down to 25%. they say they take away some of the loopholes, my guess is they'll reinse
FOX Business
Jul 27, 2013 1:00am EDT
. >> the third highest income-tax of any major city. yet there's no money. how can that be? >> i love to know where the money went, but better were the people went. when you pay the high income taxes, the only utility tax in the state, the highest car insurance, the highest honors insurance, the school's stink and you get no police, you know what happens to the money, they hit a mile road. the only people left the people broke paying the highest income taxes. 10 percent of the dollar is $0.10. john: both of you talk about this a mile road. the title of the movie. you were to the plan. what's the significance? >> well, it's been 8ane highway, but it might as well be a border between tto countries. is the dividing line between detroit and the norther suburbs. things politically, economically -- john: rich and poor. >> pretty much. things on both side of the alliance and night and day difference. john: the politicians are going to improve the life of the poor building housing projects? this was another one of their grand schemes. once like brewster douglas housing project. what happened? >> what
FOX Business
Jul 30, 2013 1:00pm EDT
not know how expensive it will be. a down payment and then doing corporate tax reform. president obama leaving the white house a short while ago. he is in tennessee. what the white house is announcing today is almost a two-step process for corporate tax reform. they would do normal tax reform at a top rate of 28%. the white house calls that proposal deficit neutral. >> it represents an unmistakable signal that the president has literally backed away from its campaign promise to corporate america. the tax reform would be revenue neutral to them. it also represents a true flow here in washington. rich: a treasury proposal, still not sure of the specifics of the white house plans. adam: thank you very much. ritual interview gene sperling. lori: jpmorgan. regulators accused the bank. they say they are not doing any wrong doing. 55.55 is the current price on jpmorgan shares. the war over fees between cbs and time warner cable. they have until friday at 5:00 p.m. to reach a deal. the new deadline coming after a short blackout. shares of these companies are mixed today. the requirements -- tw
FOX Business
Jul 28, 2013 2:30am EDT
policy. detroit has the highest taxes for commercial property and $13 minimum wage. you can't expect businesses to come in. if we want business business there, we need to lower the regulatory burden and lower our taxes. jamu, we are re to solve and not point fingers. it is a liberal point of view. what should they do? >> i will stay away from inting the if anythinger and calling them parsites. >> no. no. no. i don't want to be mayor. we are all of the city city and all ual here. they are making positive reextendation. >> i have a positive one. >> we go to the federal government and say len million undocumented immigrants in this country who are aspiring citizens, let's give them a program that fast trackstheir citizenship if theyove in detroit. detroit has one of the most diverse immigrant population and they are revitalizing the communities they are in this ways that are absolutely necessary. you have first generation americans move in cities. crime goes down we saw that in philadelphia and brooklyn. >> i will be honest with you. squatters an immigrants. >> don't jump counsel the th
FOX News
Jul 27, 2013 1:30pm PDT
with john on that point. i think they need to get rid of anti-business policies. they have the highest taxes for commercial properties and they have $13 minimum wage. you can't have policies and expected businesses to come in. if we want businesses to be there, we need to lower the regulatory burden on entrepreneurs and also lower taxes. >> eric: so we're here to solve the problem. you are bringing the liberal point of view. what should detroit do? >> i'll stay away with the pointing of fingers. calling these workers parasites. >> eric: i don't want to be mayor. here is the point. they are making positive recommendations. >> i thought it was positive ones. we together federal government and say 11 million undocumented immigrants in this country who are let's give them a program that fast tracks their citizenship if they move into detroit. detroit already has one of the most diverse immigrant populations and they are helping the communities they are in ways that are absolutely necessary. when you have first generation americans move into cities, crime goes down. we've seen that in brooklyn an
PBS
Jul 26, 2013 5:00pm PDT
in terms of tax revenue. those are the five most indebted. the economist, which in one of its lead editorial said the issue will arise again and will not truly settled until it reaches the supreme court, any places like detroit will surely have to break some past promises , and the economist thinks it is right to do so when it comes to paying pensions. >> easy for them to say. i think that is probably true, but the other problem has to do with the federal government and what is going on in washington and nationwide, this whole effort to reduce taxes, reduce taxes, reduce taxes. those are sandwiches they are showing is the percentage over the income that the cities get -- those are percentages they are showing that are the percentages over the income that the cities get. it is a chicken and egg kind of thing. they get to a point where they cannot fund the lease force. their crime goes up. people flee the city -- fund the police force. their crime goes up. people flee the city and then they have lower taxes. new york has raised taxes and raised taxes and it has become a better and be
FOX News
Jul 30, 2013 3:00pm PDT
. president obama dusted off and polished up an old plan for new spending and a tax code overhaul, and he is challenging republicans to step up to the plate. chief white house correspondent ed henry looks at new efforts to try to get to the still so elusive grand bargain. >> reporter: this amazon fulfillment center in tennessee, president obama claims he has a new grand bargain deal, offering to cut corporate tax rate to 28%, in exchange for republicans accepting changes to depreciation rules or one time fee for businesses who hold earnings overseas. new money the president could then use to spend more on stimulus programs. >> i'm willing to work with republicans on reforming our corporate tax code as long as we use the money from transitioning to a simpler tax system for a significant investment in creating middle class jobs. that's the deal. >> reporter: republicans quickly noted the plan wasn't grand, wasn't a bargain, and wasn't even new. >> sometimes it just seems this administration never misses an opportunity to miss an opportunity to grow the economy. >> reporter: grand bargain 2.
FOX Business
Jul 28, 2013 8:00am EDT
at 11:30 a.m. eastern. but up next, want to overhaul our massive tax code? our massive tax code? then a top democrat any last requests mr. baldwin? do you mind grabbing my phone and opening the pital one purchase eraser? i need to redeem some venture miles before my demise. okay. it's easy to erase any recent travel expense i wantnt. just pick thatlight right there. mmm hmmm. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? now get the unmistakable thrill... and the credible rush... of the mercedes-nz you've always wanted. ♪ but you better get here fast... [ girl ] yay, daddy's here. here yogo, ney. thank you. [ male announcer ] because a good thing like this... phew! won't last forever. mmm. [ male announcer ] see your authorized dealer for an incredible offer on the exhilarating c250 spo sedan. but hurry, offers end july 31st. bears." >>> no tax reform until the tax hikes, and not just any hike. sete majori
FOX News
Jul 27, 2013 7:00am PDT
massive tax code? then a top democrat says we need a $1 trillion tax hike. time to hold on to your wallet. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. here is a live look now at the korean war vet rachbs memorial on the national mall. just moments ago the president taking part in the traditional wreath laying ceremony. the president expected to speak any minute now, you can watch the events streaming live at fox news.com. >>> the driver involved in the deadly train crash in spain is being held on suspicion of deadly homicide. the driver seen here with blood running down his face after the accident is out of the hospital and in police custody. a judge has until tomorrow to press formal charges. i'm kelly wright. we take you now back to "bulls & bears." >>> no tax reform until the tax hikes, and not just any hike. senate majority leader harry reid saying he wants $1 trillion in new taxes before even considering overhauling the tax
CNBC
Jul 26, 2013 4:00am EDT
of corporate tax cuts in japan, he said the talk is not just about reducing taxes, but also providing incentives for companies to invest to help boost the economy. ben, what is your view? you -- when you came on in may, you said you were going to sell the nikkei. and that was a good call. it went down straightaway. what are you doing now? >> yeah. well, look, i'm not -- the timing actually -- we were surprised by the timing of that. anything can happen and we got quite fortunate with that call. the issue really is what we try to do is anticipate what is already priced into the market. you talk about cpi numbers today, which were positive, which should be good. should be good for the market. but the markets tend to move ahead of the data, because the people in japan that know generally most markets, especially in asia, they know before the rest of us do. when we see price action like today, which is really long positions exiting, based on good news, what that tells us is the anticipation of more good news down the track is probably pretty low. we think there is a lot of optimism in tha
CSPAN
Jul 30, 2013 6:00am EDT
in deficit savings. the tax increase deal they were talking about. the fiscal cliff. anyway, holiday, the expiration of the payroll tax. we have engaged in significant economic policy to bring the budget down. economic growth is part of it. it has been deeply subpar. to say, i'm ok with the demos and reduction we have as of because the economy is ok seems to be really missing a lot of the pain going on out there. >> on the one point that was made, which is that if our debt to gdp ratio grows out of flat, -- goes out of whack, that would have a big challenge for economic growth. we can disagree, but let's assume that is true. what i find frustrating about the current debate is, we have an economic growth spurt now --thout a long-term talent. economic growth problem now without the long-term talent. -- challenges. it is this whole discussion about ensuring that we are focused on those long-term -- which i agree. we do not have rational but-- we don't have rational political actors. with eight which take a different course. it is frustrating to hear about potential challenges to economi
PBS
Jul 31, 2013 4:30pm PDT
to talking too much? >>> shop til you drop. tax offers are being offered to stretch the budget. >>> navigating long-term care. the cost can be staggering, so can long-term care insurance premiums. the answers you need as we kick off the special series, how to navigate long-term care that and more tonight on "nightly business report" for wednesday, july 31st. >>> good evening everyone. no change in policy and no clues on what happens next. that was the message today from the federal reserve as policy makers wrapped up the two-day meeting. the central bank is keeping interest rates at zero percent and gave no indication about its pl economic stimulus plan saying that the u.s. that today as the government reported the gross domestic product or gdp picked up a bit in the second quarter growing at a rate of 1.7%. that was bter than expected but still pretty weak. the reaction on wall street to that economic news was pretty good, too. the nasdaq rose 10, the s&p off a fraction. here is hampton pearson. >> reporter: for now the federal reserve will keep buying 85 million in mortgage a
FOX Business
Jul 27, 2013 9:00pm EDT
them out and also racially segreted them. >> t third highest income-tax of any major cy. yet there's no money. how can that be? >> i love to know wherehe money went but better were the people went. when you pay the high income taxes, the only utily tax in the state the highest car insurance, the highest honor insurance, the school's stink and you get no police, you know what happens to the money they hit a mile road. the only people left the people broke paying the highest income taxes. 10 percent of the dollar is $0.10. john: both of you talk about this a mile road. the title of the movie. you were to the plan. what's the significance? >> well, it's been 8-lane highway, but it might as well be a border between tto countries. is the dividing line between detroit and the northern suburbs. things politically economically -- john: rich and poor. >> pretty much. things on th side of the alliance and night and day difference. john: the politicians are going to improve the life of the poor building housing p
FOX Business
Jul 30, 2013 10:00pm EDT
grand bargain deal to cuthe corporate tax rate down to 28%. in exchange for republicans accepting changes to the preciation rules are one time fee for businesses to hold earnings overseas. new money that the president continues to spend more on stimulus programs. i'm willing to work with republicans on reforming our corporate tax code as low as we use the money from transitioning to a tax system for a gnificant investment in creating mdle-class jobs. that is the deal. >> republicans google noted the plan was not grand, was not a bargain, and was not eve new. >> is a ministration never misses an opportunity to miss an epic journey. >> it no longer ti's corporate ta changes to individual tax reform. the house speaker one small businesses to file individual returns and get in on the tax savings as well. plus, then treasury secretary unveil a similar plan in bruary 2012. new revenue would go to deficit reduction sayg we can reduce distortions that hurt productivity and econoc growth permitting us to lower corporate tax rates in a fiscally responsible way. the president is now proposin
MSNBC
Jul 30, 2013 11:00am PDT
oil, changed a tax code that had been tilted too far in favor of the wealthy at the expense of working families, saved an auto industry. thanks to gm and the uaw working together, we're bringing jobs back here to america, including 1800 auto workers in spring hills. 1800 workers in spring hills are on the job today where a plant was once closed. today our businesses have created 7.2 million new jobs over the last 40 months. this year we're off to our best private sector jobs growth since 1999. we now sell more products made in america to the rest of the world than ever before. we produce more renewable energy than ever before. we produce more natural gas than anybody else in the world. health care costs are growing at the slowest rate in 50 years. our deficits are falling at the fastest rate in 60 years. so thanks to hard working folks like you, thanks to the grit and resilience of the american people, we've been able to clear away some of the rubble from the financial crisis. we started to lay a new foundation for a stronger, more durable america. the kind of economic growth that's br
CNBC
Jul 26, 2013 7:00pm EDT
to the "kudlow report." i'm larry kudlow. in this half hour, it's a simple compromise. eliminate tax loopholes in return for lowering tax rates. that's a major component to tax reform proposals on capitol hill, but senate majority leader harry reed, he's having none of it. he wants a trillion dollar tax hike instead and so, apparently, does president obama. and it looks like another scandal brewing in the weiner family. one leading senator wants to know why anthony weiner's wife, huma, is still getting a six-figure state department salary. but first up, the obama care train wreck still coming. taxpayers are going to be left paying the heavy bill. last night the white house delayed the so-called employer mandate and in this op-ed earlier this week, our next guest writes that the delay should be permanent because the employer mandate is unworkable to begin with. here now is andy puzder, ceo. welcome back to the program. >> thank you. >> reading your analysis and doing work on this, i think the employer mandate should be waived permanently. what's your thought? >> i agree. it's either got to be w
FOX Business
Jul 31, 2013 9:20am EDT
of the august recess. on the docket. his plans to fix the economy. a grand bargain on the corporate tax rate to fund huge infrastructure spending and if congress doesn't buy it, he will buy pass the legislative branch. new reports suggest that the president may use executive action, authority to push through his agenda on a wide range of issues. the hits keep on coming for obama care. and the mandate will cost 12 billion and then there's this. a growing list of towns and cities, pushing workers to part-time to avoid the cost of obama care, that's government doing this. talking teachers, janitors, union members. we've got the full report for you coming at the top of the hour. and then the markets, facebook, you follow it, look at it. now it's going to sell tv style ads to more than $2 million per day per advertiser, that would put a message in front of 700 million daily users and here is the question. will the stock hit the $38 ipo price today? we're going to show you in just a moment. first though, a look at arkansas. the prisoner escape. able to squeeze through a 12 by 38 reception window a
FOX Business
Jul 26, 2013 12:00am EDT
the money went, but better were the people went. when you pay the high income taxes, the only utility tax in the state, the highest car insurance, the hhest honors insurance, the school's stink and you get no police, you know what happens to the money, they hit a mile road. the only people left the people broke paying the highest income taxes. 10 percent of the dollar is $0.10. john: both of you talk about this a mile road. the title of the movie. you were tohe plan. what's the significance? >> well, it's been 8-lane ghway, but it might as well be a border between tto countries. is the dividing line between detroit and the northern suburb things politically, economilly -- john: rich and poor. >> pretty much. things on both side of the alliance and night and day difference. john: the politicns are going to improve the life of the poor building housing projects? this was another one of their grand schemes. once like brewster douglas housing project. what happened? >> what happened? exactly what happens when federal officials trying plan housing projects. it falls to pieces in a time and all
MSNBC
Jul 30, 2013 9:00am PDT
. it will include a plan to cut the 35% corporate tax rate while raising revenue from still unspecified corporate loopholes to pay for new infrastructure spending. grand bargain? cutting tax rates? that's maybe the something the gop could play ball on. right? wrong. >> the policy intends to announce doesn't exactly qualify as news. it's just a further left version of a widely panned plan he already proposed two years ago. this time with extra goodies for tax and spend liberals. >> extra goodies. speaker boehner's office, 19 days after passing a farm bill that eliminated funding for food stamps, assessed the president's proposal to be one that leaves small businesses and american families behind. worth noting -- this is the same speaker of the house who shot down a minimum wage increase earlier this year calling it "a job killer." after thumbing their noses at the president's offer this morning, house republicans are now returning to their main legislative priority -- a 40th vote to cripple president obama's health care law. joining me today, political editor and white house correspondent at the h
CSPAN
Jul 31, 2013 10:00am EDT
for transportation and infrastructure. the gas tax has not been increased in 20 years, which incidentally was the last time we had balanced budgets. this is the quickest way to get the new revenues that many feel are necessary to be part of any rational, long-term, grand budget agreement and tax reform. it would be supported by a wide array of business, labor, environmental groups, local government. indeed, there is a vast coalition that is saying, tax me so i can do my job better, and we can revitalize america's communities and our sagging economy. it's no longer acceptable for us to talk past one another, by dealing boldly with the infrastructure crisis in the context of realistic budgets and meaningful tax reform, we can put americans back to work. we can break the logjam here on capitol hill. we can strengthen the economy while we make our communities more livable and our families safer, healthier and more economically secure. the speaker pro tempore: the chair recognizes the gentleman from virginia, mr. wolf, for five minutes. mr. wolf: thank you, mr. speaker. mr. speaker, over the l
FOX Business
Jul 30, 2013 11:00pm EDT
obama wants to cu cut corporate taxes, and further, he thinks it is going to create a windfall. i am neil cavuto, and ronald reagan he is not, but -- he is figuring tax cuts generate revenue. well kind of, because to make sure he is couplpling rate cuts with what he calls one time hits on overseas earnings and slowing rates, such measures don't come close to playing the new jobs and other domestic new jobs that he is pushing. i say, what the buck? is it the same barack obama who railed against corporate tax breaks any of sort. well, i'm take it. but first, since we talk about ronald reagan, may i suggestion we verify this president wants to spend that money before it comes in, nothing new there. we go slow from here, but a start, i president who sees wisdom of cutting taxes, for now, i say, here, here, enter my friend patrick buchanan who says not so fas >> i knew ronald reagan, he was a friend of mine, and president obama is no renald reagan. neil touche. >>ou are right, if barack obama believes as he said, that cutting corporate taxes really will increase revenue, it will make us m
CNBC
Jul 30, 2013 1:00pm EDT
.2, not a particularly worrisome signch the biggest threat to economy remains tax and regulatory policy, slow job growth ticking up a bit and a new entry because we asked for the first time higher interest rates, 10%. what you can't see here, we don't have a graphic of it, is that the threat of europe has continued to come down as a major concern. however, the write-ins still concerned about weak world growth, not just europe but also emerging markets. keeps coming up. too little monetary stimulus measures by too many folks and then washington politics a major issue. i want to show you we asked people about the coming debt ceiling debate. would it be more contentious, less contentious or about the same that we just had? 19% said more and 44% said about the same. i'm not sure i really like that answer. 35% say it will be less contentious, and most people believe, tieier, that it will not be default, 0% probability chance of default by the united states in the coming debt ceiling debate. >> what do you think it will be, less contentious, about the same or more contentious? >> i think it will be less conte
SFGTV2
Jul 28, 2013 3:30pm PDT
at the three-year tax return and that statement. we do a lot of home care and mom-and-pop shops. we also do start ups. we asked for approval through documents. we work a lot with people who do not know how to file taxes properly. we are mainly focused in san francisco. we are small. we focus mainly on the tenderloin, chinatown, bayview, visitation. we do a lot of expansion. people start small through the credit union and then want to go to the bank. we know we are limited. we cannot afford to give out a big loan. starting from the credit union, we educate them about filing taxes properly and then moving on to the bank, a small one, expansion, and we work with the bank. the bank and credit union are similar. we do allow tax returns, projections. credit unions do not charge an additional loan or processing fee. processing time, on a small loan, -- consumer loans probably a few days. because we require a business plan, sometimes it takes longer. business plans take a while. especially bank statements. we need to see consistent income coming in. so far, a credit union delinquent rate is quite l
FOX News
Jul 28, 2013 7:00pm PDT
them. >> detroit has the third highest income tax of any major city. and yet there's no money. how can that be? where does it go? >> i would love to know where the money went, but better, where did the people go? when you pay the high taxes, the only utility tax in this state, the highest car insurance, the schools stink and you get no police, you know what happens to the people paying taxes? they hit eight-mile road. and the only people left are broke. but you know what 10% of a dollar is? ten cents. >> both of you talk about this eight mile road. you worked on a plant, what's the significance of eight mile road? >> eight mile road is a eight-lane highway, but it might as well be a border between two countries. it's the dividing line between detroit and the northern suburbs. >> rich and poor? >> pretty much. and things on both sides of those lines are just night and day different. >> and the politicians were going to improve the life of the poor by building housing projects. this was another one of their grand schemes. ones like the brewster douglas housing project. what happened? >>
FOX Business
Jul 27, 2013 3:00am EDT
with local schools and colleges increased the training in need toead what do we promote that, give them tax incentives. there are a thousand ideas out there to create jobs. why are we talking about politics? >> maybe that is just did. when i heard this week was sort of a greateshits, if you will, snippets from of the speeches we have heard before. the president could have done this, that the teleprompter as. amass show. right. the idea of was this really an economic speech, political speech looking to the midrm elections? what do you think his real goal was? >> nighter. what it really was, in washington we talk about the outside in game. has been place successfully b presidents of the past. ronald reagan, bill clinton, and george w. bush. whenou go to the public. charles, have an idea. congress is blocking me. i want to do this or that. come witme and help me on stock this out of congress. the president claims that is what he was doing. j kearney and others said he will go talk to the american @%ople t rally them. what he was really doi was playing the inside out game. he went to other plac
MSNBC
Jul 30, 2013 12:00pm PDT
points to the gop is a corporate tax break that would cut taxes on most corporations from 35% to 28%. and what does he want in return? come on, mr. president. what's the catch? >> i want to use some of the money that we save by closing these loopholes to create more good construction jobs with infrastructure initiatives that i already talked about. we can build a broader network of high-tech manufacturing hubs that leaders from both parties can support. we can help our community colleges, arm our workers with the skills that a global economy demands. all these things would benefit the middle class right now and benefit our economy in the years to come. so again, here's the bottom line. i'm willing to work with republicans on reforming our corporate tax code as long as we use the money from transitioning to a simpler tax system for a significant investment in creating middle-class jobs. that's the deal. >> for more on what's in the president's proposal as well as how it may be received by republicans, we bring in new daddy and nbc news white house correspondent peter alexander. congr
FOX News
Jul 30, 2013 6:00am PDT
if corporations who are sitting on scads of cash and not hiring want more tax breaks, that is going to be paired with a benefit to make middle class make more money. bill: income inequality has gene since the recession of 2008 and, who has been the president since 2008? >> right, you have to take some responsibility for that. let me point out one of the remedies offered by liberals and discussed by obama, federal contractors should have to pay more. keith ellison you said you could do this through executive order. fine. who does that hurt on the ground. not giant contractors who already have relationships with government guys, it hurts the small contractors and small business who would like to break into government contracting. president down at amazon today. amazon lobbied for internet sales tax. why? because it muscles out little guys who might compete with them. if he looks at his own policies and the fact that things are getting worse in this area, perhaps the policies are not doing what he thinks they do. bill: i think folks in chattanooga would take issue with the hoity-toity comment. >> i
FOX Business
Jul 29, 2013 4:00pm EDT
.6 billion. guess, u.s. company is going to ireland because they have lower taxes. the deal isn't expected to close until the end of the year. liz: want a job. maybe amazon will hire you. they plan to add 7,000 jobs to meet rising demand. the company will add 5,000 full-time jobs in the fulfillment centers in the united states and 2,000 customer service jobs. david: that is good news. ben bernanke should give a deposition in the lawsuit being brought against the government by former ceo hank greenberg over the rescue of the company, aig. bernanke was one of the central decisionmakers in the huge bailout of the firm. liz: sec resting its case in the fraud trial against ex-goldman sachs trader fabrice tourre. in a move the defense team didn't call any witnesses. closing statements will begin tooorrow. "after the bell" starts right now. david: let us get right to today's action. david cued low, breaks down why so-called barbell strategy helps you profit in uncertain environment. gerald levy, in the pits of the cme. jarrod, let's talk about the earnings season in general. we have had two earni
FOX Business
Jul 30, 2013 11:00am EDT
to address the economy later this afternoon and address his proposal on a cut of corporate tax rates. rich: one new proposal that the president has is a one-time shot to tax overseas earnings a long with changes to depreciation. take a look here at some of the specifics of the white house just released. top corporate tax rate of 28%. increase minimum wage. that goes to nine dollars in the state of the union address. 7.9 oh yen dollars in clean energy spending. infrastructure spending. one of the proposals is just to corporate tax reform. republicans say if you are going to do that, you have to do individual tax reform because so many small businesses file as individuals. the president has always supported corporate tax reform. republicans want to help families and small businesses also. this allows a president obama to support president obama's position on taxes and spending while leaving small businesses and american families behind. we have not gotten any specifics. we do not know how much he is looking to spend. some of the overseas corporate tax changes call for about $157 billion in r
SFGTV
Jul 23, 2013 5:00pm PDT
at the time, the board of supervisors approval authorized the issuance of tax bonds by property tax. those hotel tax bonds that were issued by the redevelopment commission went to pay for the garage which is still owned by the success or agency and the mexican museum. at the time the board of supervisors as part of it's agreement to allow the success or agency to issue those bonds. the city wanted to be made whole. there were four tax revenues for allowing those bonds to be issues. so the immediate if fiscal benefit to the city. those garage bonds are paid on obvious with -- off with this transaction. the payoff is $25 million. when the garage closes, the bonds are closed. we are no longer drawing on property tax again fund dollars to pay down that garage debt and there is an immediate one time benefit to the city and the other taxing entities for that $18 million to be rekoupd today. it would only be recouped after the debt is paid down and that is about 20 years. with this transaction we pay down the garage debt plus the city made hole one time 20 years sooner . >> i understand that, b
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